NEWS ECONOMY NEWS        16/09/2020

OECD revises Turkey’s GDP contraction in 2020 to 2.9%

The Organisation for Economic Co-operation and Development (OECD), in its “Interim Economic Outlook Forecast. September 2020” report, has revised Turkey’s growth figures. It has revised Turkey’s 2020 contraction from (4.8%) to (2.9%), and Turkey’s 2021 growth figure from 4.3% to 3.9%.


Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases to 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020